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esenminer (OP)
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November 05, 2013, 11:07:39 AM
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http://slashdot.org/story/13/11/04/2247258/bitcoin-protocol-vulnerability-could-lead-to-a-collapse

Thought this would be of interest. The jist, I gather, is that due to how the Bitcoin protocol works you only need to control 33% of the mining power to successfully attack the bitcoin network (also see https://en.bitcoin.it/wiki/Weaknesses)

not sure this is even a problem at this point with the current state of the network but interesting...
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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November 05, 2013, 11:44:03 AM
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Earlier post with same/similar topic here:

https://bitcointalk.org/index.php?topic=325225.0

Quote from: Melbustus on November 05, 2013, 06:12:14 AM
Old and overblown news. Here's the more detailed tech thread on it, which notes, among other things, that the basic idea of this attack has been discussed for 3 years now:

https://bitcointalk.org/index.php?topic=324413.0

Something to be addressed long-term, but not a big deal. This thread's title is pretty misleading once you understand the issue.
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